The Boulder Group completed the sale of a single-tenant Best Buy property at 6502 Grape Road in Mishawaka, Indiana, for $9.64 million.
The 50,327-square-foot building benefits from its location along Interstate-80, which experiences over 25,977 vehicles per day.
This dense retail corridor features several shopping centers occupied by nationally recognized tenants. Nearby tenants include Target, Apple, Macy’s, Menards, Ross, Walmart, Sam’s Club, The Home Depot, ALDI, Meijer, and Costco.
The subject asset also benefits from its proximity to The University of Notre Dame and the Saint Joseph Mishawaka Medical Center. There are 143,281 people living within a 5-mile radius that earn an average household income of $93,195.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is a West Coast partnership and the buyer is an institution.
